Compressed air is widely recognized as a versatile and essential manufacturing resource. It is however, one of the least understood cost drivers in a factory. Very few companies realize what an air leak is actually costing them. This paper gives a method to understand the total cost of ownership of a compressed air system by taking the approach of a fictional business selling air as a utility.
Dugan, T.; Kalay, E.; Kayim, A.; Narkewicz, A.; Premjai, S.; and Sanaei, M., "Total Cost of Ownership of a Compressed Air System" (1998). Engineering and Technology Management Student Projects. 2011.